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MARKET RECAP – JUNE 2, 2023

STOCK MARKET

Dow Jones ended at $33,762.76 (+2.12%)

S&P 500 ended at $4,282.37 (+1.45%)

Nasdaq Composite ended at $13,240.77 (+1.07%)

The stock market ended the week with substantial gains across all major indexes in response to the strong jobs report and the successful legislation to increase the debt ceiling. As a result, the Dow Jones Industrial Average and the S&P 500 increased significantly, while the Nasdaq Composite marked its sixth consecutive week of success, reaching its highest level since April 2022.

CRYPTO MARKET

Bitcoin rose by 1.56% with a value of $27,245.00 as of 3:00 PM CST, as stated by Coin Metrics.

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